U of M Economist Christopher Phelan confirmed as Chair of the Council of Economic Advisers, continuing Minnesota's legacy of shaping national policy. cla.umn.edu/economics/ne...

Christopher Phelan Confirmed as CEA Chair

U of M economist Christopher Phelan confirmed as Chair of the Council of Economic Advisers, continuing Minnesota's legacy of shaping national policy.

cla.umn.edu

mnmacro.github.io/registration/ ⏰ Less than 3 weeks left! Register for the 2026 Minnesota Macro Workshop (July 29-31 at UMN). Space is limited and spots are filling fast. Secure yours before the July 07 deadline.

Registration — Minnesota Workshop in Macroeconomic Theory

A workshop on dynamic macroeconomic theory sponsored by the University of Minnesota and the Federal Reserve Bank of Minneapolis.

mnmacro.github.io

www.whitehouse.gov/presidential... Congratulations to Chris Phelan on his nomination to be Chairman of the Council of Economic Advisers! He continues Minnesota's proud tradition—from Nobel laureate Leo Hurwicz to Walter Heller, CEA Chair under Kennedy/Johnson. #econsky

Nominations Sent to the Senate

NOMINATIONS SENT TO THE SENATE: Riley Barnes, of Texas, to be Director of the Peace Corps. Rudolph Bauer, of South Carolina, to be Ambassador

whitehouse.gov

z.umn.edu/b8lu Congratulations to Simon Mongey, affiliated faculty at UMN Economics, on receiving the prestigious 2026 Frisch Medal! His groundbreaking research on firm and worker dynamics in frictional labor markets is recognized as one of the most outstanding applied papers in economics. #EconSky

Simon Mongey awarded the 2026 Frisch Medal

Simon Mongey, University of Minnesota Economics affiliated faculty, awarded the biennial 2026 Frisch Medal for groundbreaking labor market research.

z.umn.edu

z.umn.edu/b6oy Can the U.S. maintain fiscal sustainability as debt rises and the population ages? Join economists Jesús Fernández-Villaverde (UPenn) & Hannes Malmberg (UMN) for our hybrid Spring Roundtable on April 16, 5-6:30 PM.

Debt, Demographics, and the Future of U.S. Fiscal Sustainability

As debt climbs and the population ages, can the U.S. maintain fiscal sustainability? Two leading economists explore the road ahead.

z.umn.edu

z.umn.edu/b5ki Nobel laureate Christopher Sims (1942-2026) reshaped macroeconomics during 20 years at Minnesota. His vector autoregression framework gave economists new tools to trace how shocks affect the economy over time. He will be greatly missed. #EconSky

Remembering Christopher Sims, Pioneering Macroeconomist (1942-2026)

Chris Sims, Nobel laureate and one of Minnesota's legendary "Four Horsemen" who transformed macroeconomics, past away last weekend.

z.umn.edu

sites.google.com/umn.edu/minn... Call for Papers! The Minnesota Workshop in Macroeconomic Theory, sponsored by NSF, the University of Minnesota, and the Federal Reserve Bank of Minneapolis, is accepting submissions. Join us July 29–31. Deadline: April 24. #EconSky #callforpapers

Minnesota Workshop in Macroeconomic Theory

MN Macro 2026 The Minnesota Workshop in Macroeconomic Theory is a workshop on dynamic macroeconomic theory sponsored by the National Science Foundation, the University of Minnesota and the Federal Re...

sites.google.com

www.bbc.com/audio/play/w... Why do we make bad bets? Prof. Rachel Croson explains the gambler's fallacy & hot hand fallacy on BBC's Crowd Science podcast—from Vegas roulette wheels to your investment portfolio.

BBC Audio | CrowdScience | Do multiple choice questions make us biased?

CrowdScience listener Griffith asks why a multiple choice quiz answer is rarely ‘a’.

bbc.com

z.umn.edu/b0mx The headlines arrive faster than most economists can process: sweeping tariffs, agencies restructured, international agreements abandoned, debt ceilings debated. For the 3 season of Office Hours, @hellerhurwicz.bsky.social decided to lean into the chaos rather than away from it.

Office Hours Podcast Tackles Trump Era Economic Policy in Real Time

Office Hours podcast transforms economic research into real-time policy analysis as Trump administration reshapes trade, climate, and fiscal policy.

z.umn.edu

www.fox9.com/video/fmc-d4... What are the economic implications of cutting all federal aid to Minnesota? Prof. Kjetil Storesletten spoke with Fox 9 to analyze what the proposed February 1 cutoff of federal aid would mean for the state's residents and economy. #econsky #minnesotanews

z.umn.edu/axui What's driving Minnesota's projected $3B budget shortfall? @minnpost.bsky.social asked economists including Prof. VV Chari and Econ alum Mario Solis-Garcia (Macalester) to weigh in on spending pressures, revenue uncertainty, and federal policy risks.

Who's to blame for Minnesota's budget imbalance? - MinnPost

MinnPost asked local economists about what’s driving those trends and how concerned the state should be about the projected budget imbalance.

z.umn.edu

Prof. Kjetil Storesletten breaks down why headline unemployment numbers don’t tell the full story. "Aggregates hide pain. When you look inside, the bottom half of workers see a much less rosy labor market than the unemployment rate suggests." Read the full article from Minnpost.

Economic indicators raise concerns about Minnesota’s economy - MinnPost

Minnesota’s marquee economic indicators such as unemployment still appear strong, but under-the-hood, economists see signs of stress.

minnpost.com

How does IMF intervention after sovereign default help debtor country? UMN @umn-econ.bsky.social JMC Teresa Balestrini evaluates differences post default for countries that restructure within IMF program versus those that directly negotiate with creditors 1990–2014. www.teresabalestrini.com

TERESA BALESTRINI

Welcome! I am a PhD candidate in Economics at the University of Minnesota and will be on the 2025-2026 job market. My fields of interest are Macroeconomics and International Economics, with a focus ...

teresabalestrini.com

A mother's time and household income both shape children's skill outcomes. To evaluate cash assistance programs, then, we need to account for the children's future outcomes. This is @jmullins.bsky.social @umn-econ.bsky.social project in a new Institute Working Paper https://bit.ly/3WJHGhC

cla.umn.edu/economics/ne... Is central bank independence under threat? 🏦 Former Minneapolis Fed President Gary Stern & Research Director Art Rolnick join Hoover's John Cochrane to debate what's at stake as governments push for more control over monetary policy. #econsky #monetarypolicy

Central Bank independence: Critical for Economic Growth and Stability?

Is central bank independence at risk? Former Minneapolis Fed leaders Gary Stern & Art Rolnick join Hoover's John Cochrane to debate this critical question.

cla.umn.edu

Undergraduate level is where economics loses talent. Fed-Minnesota partnership's BEE program proves engagement and mentorship can transform the pipeline. cla.umn.edu/economics/ne...

Building a New Pipeline: BEE Program's First Year Success Reshapes Undergraduate Economics Education

The Fed-University partnership has proven it can produce Nobel Prize-winning research at the highest levels. Now it's proving it can build the pipeline from the ground up.

cla.umn.edu

www.kare11.com/article/news... Prof. @tkehoe.bsky.social on @kare11.bsky.social analyzing the Fed's latest Beige Book: "Rough times are ahead." Kehoe warns about tariff uncertainty: "When we have no idea what tariffs will look like in six months, we can't make plans."

Unlike a 'little black book,' the Fed's beige one spills the country's economic secrets

The Federal Reserve releases its Beige Book several times a year to provide a summary of economic activity, labor markets, prices and other factors.

kare11.com

www.marketplace.org/story/2025/1... V.V. Chari on @marketplace.org explaining a major labor market shift: "Break-even employment" dropped from 250K jobs/month in 2023 to just 30K today. The reason? Changing migration patterns have reshaped the balance between job seekers and available jobs.

Why "break-even" employment has seen a dramatic shift

Break-even employment is a sort of balance figure between the number of job seekers and the number of jobs available.

marketplace.org

Congrats to PhD alum Gary Hansen on his election to the NBER Board of Directors! Gary earned his PhD from UMN in '86 under Edward Prescott, developing his groundbreaking theory of indivisible labor. Now a leading macroeconomist at UCLA, he continues shaping the field.

A chance encounter with policy research sparked a journey across continents. Meet our newest Associate Professor Anran Li and her quest to fix healthcare markets. cla.umn.edu/economics/ne...

From Seminar Room to Healthcare Markets: Professor Anran Li's Journey to Minnesota

A chance encounter with policy research sparked a journey across continents. Meet new Associate Professor Anran Li and her quest to fix healthcare markets.

cla.umn.edu

Highlighting outstanding work by UMN Economics professors Ellen McGrattan and Anmol Bhandari! Their analysis challenges common assumptions about entrepreneurial earnings. We are proud to have such impactful researchers in our department.

Minneapolis Fed@minneapolisfed.bsky.social · 12mo ago

Do most entrepreneurs scrape by just to be their own boss? Analysis of tax records by our consultants Ellen McGrattan & Anmol Bhandari of @umn-econ.bsky.social (+ coauthors) reveals avg earnings 60% higher than paid-employed. But that's just part of the story... t.co/64LssYlWAD #econsky

www.marketplace.org/story/2025/0... July inflation hit 2.7% But UMN economist V.V. Chari says it would take a HUGE jump in August data to change the Fed's mind about cutting rates next week. "If they saw something like 3.5%, 4% inflation... that might raise alarm bells."

The Fed is keeping a close eye on inflation numbers out later this week

The expectation is that the Fed will cut rates — but what if inflation spiked in August?

marketplace.org

www.bloomberg.com/news/article... UMN Prof. Hannes Malmberg co-authored research presented at the Fed's Jackson Hole conference showing US debt could reach 250% of GDP without raising interest rates—but only with major fiscal adjustments. #EconSky #FiscalPolicy

US Debt-to-GDP of 250% Won’t Push Up Rates: Jackson Hole Paper

US government debt could reach 250% of gross domestic product without putting upward pressure on interest rates, according to a paper presented at the Federal Reserve’s Jackson Hole conference.

bloomberg.com

New study compares economic experiences of China and Mexico after they opened to international trade and foreign investment by Xing Xu, PhD student at UMN Econ ‪ @umn-econ.bsky.social‬ and research analyst at Minneapolis Fed @minneapolisfed.bsky.social and me: www.minneapolisfed.org/research/sta...

What do you gain when you travel abroad? University of Minnesota economics students discovered the answer in London. Read how three weeks transformed their understanding of global economics. #EconSky #economics cla.umn.edu/economics/ne...

From Brexit to Sustainability: Economics Study Abroad Program Adapts to Global Changes

Economics students discover how three weeks in London transforms their understanding of global markets and shapes international career dreams.

cla.umn.edu

Did you catch UMN Professor V.V. Chari on @kare11.bsky.social ? "'Rigged?' This is about the most outrageous accusation that anybody can make about the way the statistics are developed by these professionals. These are not statistics produced by a single person sitting at her desk." z.umn.edu/alqx

'This one freaks me out as an economist': Experts alarmed by Trump's firing of BLS leader

Economists say firing a top official for revisions to a jobs report sends a bad message and could destroy trust in data that's central to the economy.

z.umn.edu

New research from UMN professor Kyle Herkenhoff challenges common narratives about private equity’s impact on workers. Tracking 2.5M workers at 3,600 PE-backed firms, they find wages fall 18% after 3 years but only for workers who leave the firm. #EconSky #LaborEconomics cepr.org/voxeu/column...

UMN economics professor Art Rolnick spoke to ‪@kstptv.bsky.social‬ on the Target Center funding debate: “I think the only argument that’s going to hold any weight is to threaten to move. Once they say they’re not moving, the game's over.” #Timberwolves #EconSky kstp.com/kstp-news/to...

Wolves, Lynx new owners pledge to stay in the state, arena upgrade

Marc Lore said in a video posted by the team on Wednesday, “We are not moving the team ever." Alex Rodriguez also suggested an arena upgrade is ahead.

kstp.com

As uncertainty about the U.S.' economic outlook grows, this season's Office Hours podcast explores the impact of the Trump administration's policies. Tune in for insights on some of the most pressing economic issues from leading Minnesota economists. #Economics #EconSky #EconPolicy

Season preview- Trade wars, tradeoffs, and turbulence: Examining economics in the Trump-era

The four-episode series delves into the policy priorities of Trump's second term, from Federal Reserve independence to inflation, foreign trade, and the U.S. relationship with China.

cla.umn.edu

What sets UMN Economics apart? Our exceptional community and partnerships, including unique collaboration with the Federal Reserve Bank of Minneapolis. With multiple degree pathways and real-world learning opportunities, we’re preparing the next generation of economics professionals. #EconSky

One of the Best Reasons to be an Econ Major: Inside UMN's Economics Community

Discover how Economics at Minnesota, in partnership with the Federal Reserve, offers students unique opportunities that set them up with real-world experiences.

cla.umn.edu